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CHTP, CRBC, AONE, PAYX, BBBY, HERO With Highest Daily Short Volume On NASDAQ Thursday


Published on 2009-09-24 15:25:18, Last Modified on 2010-12-22 14:47:45 - WOPRAI
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September 25, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NASDAQ Daily Short Volume Report for Thursday, September 24th, 2009 and come to the following statistical conclusions. There were 6,792 stocks with daily short volume reported and total NASDAQ trading volume of 1,999,968,744 shares. Total Daily Short Volume was 989,068,759 shares. 49.45% of all trading on the NASDAQ Thursday was short selling. The chart below highlights 6 stocks that had the highest daily short volume yesterday. Chelsea Therapeutics International (NASDAQ: CHTP), Citizens Republic Bancorp (NASDAQ: CRBC), A123 Systems (NASDAQ: AONE), Paychex (NASDAQ: PAYX), Bed Bath and Beyond (NASDAQ: BBBY) and Hercules Offshore (NASDAQ: HERO). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

DATE SYMBOL SHORT VOLUME TOTAL VOLUME MARKET PERCENT

20090924 CHTP 5,696,939 14,115,240 Q 40.36%

20090924 CRBC 4,256,843 8,646,614 Q 49.23%

20090924 AONE 3,858,568 17,794,348 Q 21.68%

20090924 PAYX 2,559,850 3,571,133 Q 71.68%

20090924 BBBY 1,860,169 2,931,228 Q 63.46%

20090924 HERO 1,749,802 2,914,906 Q 60.03%

In late October 2008 the SEC updated Regulation SHO requiring that all short sellers must locate, borrow and deliver any shares they have shorted, no exceptions, by T+3 settlement date. If not, a buy-in must be forced by the broker dealer that the short seller transacted through by the opening of the market on T+4. Since a company first appears on the naked short list when short sellers have been failing to deliver for 5 consecutive trading days, stocks should theoretically never be on the naked short list again. BUYINS.NET will monitor the exchangesai naked short lists daily and issue an alert and notify the SEC and FINRA should short sellers fail to deliver on any short sales.

Reg SHO Rule 204 (i) requires brokers to deliver shares on long and short sales of publicly traded equity securities by settlement date, (ii) continues to require brokers to close-out fails to deliver by the beginning of trading on T+4 for short sales and T+6 for long sales, (iii) precludes clearing brokers and their introducing brokers from selling short a security, other than on a pre-borrowed basis, if a fail to deliver in that security is not timely closed out until the fail is closed out and that close-out transaction settles, (iv) allows clearing brokers to allocate fails to introducing brokers and (v) continues to permit brokers to rely upon pre-fail credit to satisfy Rule 204's close-out requirement to avoid the pre-borrow requirements when a fail at a clearing broker has not been closed out. However, the SEC liberalized certain of these provisions in several regards. For example, permanent Rule 204 now allows a broker to close-out a fail on a long sale by borrowing the security, whereas Rule 204T had only permitted closing out long fails by buying-in, which should alleviate some of the buy-in risk for investors that experience long fails. Similar relief was extended to close-outs for market maker fails, so that a fail from a bona fide market making transaction (including short and long fails) can now be closed out by the beginning of trading on T+6 by borrowing the security. Further, Rule 204 now permits a broker to borrow securities to obtain pre-fail credit for early close-outs, whereas temporary Rule 204T only permitted pre-fail credit to be obtained by purchases of securities.

The SEC refused requests to extend the close-out deadline for fails to deliver to the close of business on the close-out deadline, choosing instead to retain the requirement that all fails be closed out by the beginning of trading on the applicable close-out deadline. The Commission also rejected requests for a fail to deliver exception that would have provided an exception from the close-out requirements if a clearing broker's fail position was below a certain amount but said that it would continue to monitor whether a de minimis or odd lot exception could be warranted.

Chelsea Therapeutics International, Ltd. (NASDAQ: CHTP), a development stage pharmaceutical company, focuses on the acquisition, development, and commercialization of pharmaceutical products for the treatment of various human diseases. It offers droxidopa, an orally active synthetic precursor of norepinephrine, which is in two double-blind pivotal Phase III trials for the treatment of symptomatic neurogenic orthostatic hypotension, freezing gait in Parkinsonais disease, and intradialytic hypotension; for the treatment of intradialytic hypotension for which it has completed a double-blind placebo controlled Phase II study; and for the treatment of fibromyalgia that is in a Phase II trial. The company also offers a portfolio of molecules for the treatment of various autoimmune/inflammatory diseases, such as a portfolio of metabolically inert antifolate molecules, including CH-1504 for the treatment of rheumatoid arthritis that is in a Phase II head-to-head clinical trial; and CH-4051, which is in the Phase I study designed to determine the maximum tolerated dose based on results of single-ascending and multiple-ascending dose evaluations. In addition, it develops antifolate program, a second platform consisting of a portfolio of dihydroorotate dehydrogenase(DHODH), inhibiting compounds known as the I-3D portfolio, a group of orally active compounds that inhibit the enzyme DHODH for the treatment of immune-mediated inflammatory disorders, including transplant rejection, autoimmune diseases, psoriasis, and systemic lupus erythematosus. Chelsea Therapeutics International, Ltd. was founded in 2002 and is headquartered in Charlotte, North Carolina.

Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) operates as the holding company for Citizens Bank and F&M Banka"Iowa, which provide banking and financial services to individuals and businesses in Michigan, Wisconsin, Ohio, Iowa, and Indiana. The company operates in three divisions: Specialty Commercial, Regional Banking, and Wealth Management. The Specialty Commercial division provides lending, depository, and related financial services to commercial real estate developers, owners of multi-unit commercial properties, middle-market companies, and local governments and municipalities. It offers commercial mortgages, real estate construction lending, term loans, revolving credit arrangements, inventory and accounts receivable financing, and letters of credit; and noncredit services, including deposit accounts, treasury management, corporate cash management, international banking services, advice and assistance in the placement of securities, and financial planning. The Regional Banking division provides a range of lending, depository, and other related financial services to businesses and individual consumers. This division offers direct loans, home equity loans and lines of credit, and residential mortgage loans, as well as checking, savings, and money market accounts; debit and credit cards; ATM network services; certificates of deposit; and fixed and variable annuities. The Wealth Management division offers asset management, financial planning, estate settlement and administration, and credit and deposit products and services, as well as trust and investment services. This division also offers retail mutual funds and other securities, variable and fixed annuities, personal disability and life insurance products, and brokerage services. As of December 31, 2008, the company operated 233 offices and 266 ATM locations. Citizens Republic Bancorp, Inc. was founded in 1871 and is based in Flint, Michigan. A123 Systems (NASDAQ: AONE) is the Watertown, Mass. lithium ion battery maker tapping into growth expectations for electric vehicles. Based on data from IHS Global Insight, the number of hybrid electric, plug-in hybrid and electric cars will grow from 19 models in 2009 at an annual production rate of at least 20,000 vehicles to more than 150 models in 2014 and more than 200 models in 2019, A123 said in its IPO filing. A.T. Kearney projects the market will grow to about $21.8 billion by 2015 and $74.1 billion by 2020, stoked by governmental regulation, emerging powertrain technology and rising consumer demand.. A123 Systems' proprietary "Nanophosphate" technology was initially developed at MIT. The company was founded in 2001. Paychex, Inc. (NASDAQ: PAYX), together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses in the United States and Germany. It offers payroll processing services, which include calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clientsai payroll obligations. The company also provides payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. Its human resource outsourcing services include payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative. In addition, the company offers retirement services administration; workersai compensation insurance services; health and benefits services; time and attendance solutions; and other human resource services and products. It also operates a professional employer organization. As of May 31, 2009, the company served approximately 554,000 clients in the United States; and 1,600 clients in Germany. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York. Bed Bath & Beyond Inc. (NASDAQ: BBBY), together with its subsidiaries, operates a chain of retail stores. It sells a range of domestic merchandise, such as bed linens and related items, bath items, and kitchen textiles; and home furnishings, including kitchen and tabletop items, fine tabletop, basic housewares, and general home furnishings. The company also offers food, giftware, health, and beauty care items, as well as infant and toddler merchandise comprising furniture, car seats, strollers, feeding, bedding, bath, health and safety essentials, toys, learning and development products, clothing, and a selection of seasonal and holiday products. It operates stores under the names of the Bed Bath & Beyond (BBB), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), and buybuy BABY. As of February 28, 2009, the company operated 1,037 stores, including 930 BBB stores, 52 CTS stores, 40 Harmon stores, and 15 buybuy BABY stores in the United States, the District of Columbia, Puerto Rico, and Canada. Bed Bath & Beyond Inc. was founded in 1971 and is based in Union, New Jersey. Hercules Offshore, Inc. (NASDAQ: HERO), together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry in the U.S. Gulf of Mexico and internationally. It serves integrated energy companies, independent oil and natural gas operators, and national oil companies. As of March 31, 2009, the company owned a fleet of 31 jackup rigs, 17 barge rigs, 3 submersible rigs, 1 platform rig, and a fleet of marine support vessels operated through Delta Towing, a wholly owned subsidiary, as well as 60 liftboat vessels and 5 liftboat vessels owned by a third party. In addition, the company owns 4 retired jackup rigs and 10 retired inland barges located in the U.S. Gulf of Mexico. The company was formerly known as Hercules Offshore, LLC and changed its name to Hercules Offshore, Inc. in November 2005. Hercules Offshore, Inc. was founded in 2004 and is based in Houston, Texas.

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BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,650,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

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